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>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
. we'll go next to japan. that is where gun violence is almost nonexistent, but first -- ♪ three cheers for the green and white ♪ ♪ the sandy hook school >> these are students from new york ps 22 chorus singing their song to honor the victims there in newtown. their goal, of course, to bring hope and inspiration to families who have been impacted by the shooting. these are fifth graders from staten island. ♪ we'll go ♪ we'll do our best our very best to learn and grow ♪ it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) when subaru owners look in the mirror, cisco. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 mill
an example from mexico. >> first, some of the stories making news. japan has a new prime minister, voted in by the lower house of parliament earlier today. his liberal democratic party won by a landslide in polls earlier this month. he has vowed to introduce aggressive monetary policies and says he wants to revise japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some plants in an attempt to stem falling prices. the group will keep some mines and factories closed until the end of january. >> rare earths are crucial in making a broad range of high- tech products. prices have
great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty quickly. >> meaning, you know, by the end of -- within days of reesk that deal? >> you know, the pace of assent may be not quite that rapid. i think we see that by the first quarter, if we get a good fiscal cliff deal. i think this morning's comments really, really advance that. i really take strong exception to mr. lindsey's point that the president does not want a deal. we actually believe that the president needs a deal almost as badly as the republicans. remember, he is a second-term president, and second-term presidents get very concerned about their long-term legacy. we have a recession in 2013, the republicans may be blamed short term, but that will bake in the cake four more years of weak economic growth and that would assure president obama has one of the weakest records of growth in history. he doesn't want that in the histor
. 30,000 american troops are stationed there. japan is preparing for the launch as well, they are deploying service air missiles to shoot down anything that may enter its airspace. joining me now is gordon chang. you say that if this is all true, north korea has a very specific audience. who and why? >> the specific audience would be iran.e. who and why? >> the specific audience would be iran. north korea and iran have been conducting a joint missile development program for at least 15 years. in the beginning of september, they signed a technical cooperation agreement, just yesterday, the kyoto news agency reported that a facility close to the chinese border, they are there for nuclear weapons and missile purposes. we need to keep an eye on north korea's relationship with iran. jenna: not only because it is a weapon, but because it can carry a nuclear warhead -- do i have that right? can you explain it to her audience? reporter: sure. north korea has these weapons. but her rants iran is on the verge of getting them as well. they have had warhead testing, which looks like
. >>> another disaster overseas? japan where outside tokyo, cars were passing through a three-mile-long tunnel when the ceiling began to cave in, trapping drivers inside. tonight, they are searching through the tunnel. >> reporter: grainy surveillance video inside the tunnel show the frantic efforts to save those trapped. japanese police say these large concrete ceiling panels, as many as 150, came crashing down sparking a fire on this major highway connecting tokyo to central japan. witnesses describe a scene of chaos as people ran to safety. flames and smoke billowing through the three mile long tunnel. one truck driver, trapped under the rubble, called for help, but there was so much smoke, firefighters had to halt rescue efforts, fearing another collapse. late sunday, rescue crews pulled the charred remains of several bodies, including the truck driver. investigators are looking into what caused the panels to collapse, but say the tunnel had just passed a routine inspection in september. atika fujita, abc news, tokyo. >> thank you. >>> now to afghanistan tonight where taliban suicide bombe
it will be a concern. we have thousands of troops stationed in japan and korea. there is talk of being able to reach los angeles or the western coast. no north korean test so far has reached that near abroad. bill: what would korea want to prove with this launch? >> always dangerous to try to climb into the mind of a north korean leader. but there would have to be a domestic component to the situation. there are important elections taking place in japan on the 16th and south korea on the 19th of this month. well within the range of this test that is scheduled to come in the coming days. influencing their neighbors and influencing politics and testing new ground with what would a second-term approach be with obama. bill: this is what we believe to be the ultimate range. 5,000 to 6,000 kilometers. 3,700 miles. china to the west here. in japan well within range of north korea were to be successful in developing this launch mechanism. here is hawaii. that's outside the range of the 6,000 kilometers. the question then begs how realistic is it that north korea would be a threat to the united states? >> th
of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks and short the yen because what's different this time around, now there is an actual target, 90 is the target. we know where it is going to go. if they are able to weaken the yen to that point, it is a core roll lary stocks will go higher, exactly what happened with the united states, ben bernanke ease he can the monetary policy and the 14% gain in the stock market this year. >> seen the yen basically strangling japanese exports for so long. >> exactly. >> so you know, obviously i the
in the entire world. indeed, he was the guest of the scoutmaster of japan and many groups of scouts everywhere from tokyo to warsaw. other aspects of his journey emphasizes use. when he arrived back in copenhagen the two policemen had to hoist and through the crowd and carry him to the newspaper office. the juvenile from a climaxed during subsequent visits to england and france. in london he attended a gala luncheon with the head of the canadian pacific railway and even better he met sir robert powell, founder of the boy scouts. when he was in paris seesaw around the world in 80 days, a very popular stage version of the novel that had been playing for decades. he watched a copy of the novel being printed expressly for him down in gold and embossed with his name on the cover. he then met jules verne's grandson who escorted him to grandfather's grave. they're surrounded by local boy scouts he later wreath with the message in memory of jules verne, from his greatest admirer . avoided aviation in order to make some kind of point about their place in the world. bicyclist who were not from the weste
challenge. we haven't seen anything like this since 25 years ago in the japan situation, but it's actually even more significant this time, dan, because really the american job generation machine has slowed down dramatically. and we've let our business environment get less and less efficient. we've let the cost of doing business rise up. we've got -- we're losing many, many more investment decisions and business activities to other countries than we're getting back. and yet, the political debate including the one we're having this morning is really not about the really important things. it's not about skills. it's not about the fundamental structure of reforms we need to make in our budget, our tax system. we're kind of -- we've gotten ourselves into a kind of a short-term day-to-day dialogue. we're not really addressing the real issues. >> a couple things going back to jpmorgan. first of all, we learned time and time that no man, no human being is smarter than the markets. not anybody. that's number one. and number two, with regard to the banks and the size of the bank, we got rid of glas
japan and those in southeast asia, creating a major security risk drawing them and the u.s. into a potential conflict. rebecca. >> anna werner, thank you. now to egypt. president mohamed morsi said tonight the country will vote december 15 on a new constitution. the draft document and the president's new powers brought egyptians back to the streets today. holly williams is in cairo tonight, and good evening to you, holly. >> reporter: good evening. well, tens of thousands of president morsi's supporters took to the streets today, but it follows days of protests by his opponents, who accuse mr. morsi of behaving like a dictator. last week, the president gave himself broad new powers that he says he needs until egypt has a new democratic constitution. the panel writing that constitution rushed to finish a final draft on friday working through the night. but the panel is dominated by mr. morsi's islamist allies. and the final draft includes a bigger role for islamic sharia law and empowers the state to protect morals. but there's no specific guarantee of equality for women,
, a manga from japan, a lot of boys are into. >> what is the storyline. >> about a guy trapped in a hotel room for 15 years and afterwards is given a few days to figure out why he was trapped in the hotel room or he will be killed so it's a psychological thriller, it's very strange, it's different, and spike lee had a huge hit with "inside man" so he knows how to do thrillers. this could be a big hit for him. we have to wait and see. >> for people like me still catching up on the movies of 2012, if you had to pick the top five say that you should try to see not before the end of the year but maybe before the end of january, before the oscars, what should you try to see? >> definitely "the sessions." it's a helen hunt movie and it's a little bit controversial. there's a lot of nude nit it but it's a touching film about a man who is sort of, can he barely move, and he wants to sort of experience sexual relations for the first time and enter helen hunt and it's in her role in the film is much buzzed about and i think it's worth seeing, i'd say "les mis," hugh jackman does a terrific job in t
's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on asian buyers. >> china's biggest producer of so-called rare earths has suspended output at some of its plants for another month as part of an effort to push up prices. >> rare earths are a group of elements cruci
to safety on the u.s. dollar. japan right now, we just had the election there. we are seeing what they are doing over there. they are devaluating the yen. the reason for that is they need to export. the yen is too strongly priced. their exports aren't going out. so they are doing a good job with that. also we are seeing the british pound - there's not a lot of comfort zone in there right now - we are seeing it come off of the $1.62 range. we are looking at the euro. the euro is definitely probably - "definitely probably" going to break under the $1.30 range, probably by the first week in january is what we are hoping for on that. > what about oil? > > what we saw was oil did break above $90 last week. that is part of the past. what we are looking at now is oil, there is a lot of oil inventory right now. we are 76% above where we were year-to-date last year. so right now what we are looking at is probably in the mid-to-lower $80s, hopefully by the end of this week. that would be sweet at the pump for all of our consumers. > they would love that gary. thanks for bringing that good w
of china, japan, south korea, so what is your feeling, what is meant to have been. did you ask the u.s.. the ec, the south china, the sea of japan is in the 50's, 60's and 70's, all of these countries were internally focused. they were developing their own economies, their own national capacities, you know, their own military is. they're coming on line as a significant power in the 1970's, and it was under him that developed into a significant power. what's happened now is all these countries have developed. and because they have developed, they now have the ability to project power around words into the blue territorial soil that they claim. they didn't have this capacity before. so now we are seeing conflicts about islands in the geographical features that are below water and high tide that we never saw before. people say has everyone gone crazy in east asia? no, every once developed, and now they have military's command there's a conflict in -- and they've developed the navy and air force and there is this conflict and -- there's a conflict of for the geographical space. it's a ba
educate so he sophisticated japan, virtually nobody owns guns. if you want to get a gun, listen what you have to go through. you have to take a shooting and win test. a psychological test, you have to take a drug test. there are virtually no guns in japan. there's nothing of the kind that we tend to see here in the united states. our correspondent who was in japan for cnn for years and years now living in the united states covering newtown, listen to what she had to say about the comparison between those two places. >> i moved back to the u.s. this summer for the last five years, i was living in japan as cnn's tokyo correspondent. in that entire time, i never covered a shooting. there aren't any. this is my third mass shooting i've covered in just six months. i don't have the answer but i can compare japan and the u.s. in japan, there are almost no guns. the average person just can't get one. and i have to tell you, it's the safest place i've ever lived. >> and yet, we can talk about a place that you covered as a journalist, the an toyate killings in norway, 2011, summer camp. 77 people
of japan, korea, vietnam, thailand, singapore, indonesia, burma; all of which represent the future of the united states in terms of trade, security and cultural growth in the coming decades. with respect to burma, there was a great moment for me to be able to sit down and see aung san suu kyi recognized by the congress a month or so ago, coming to this country as a member, an elected member of their parliament. we began the change in that relationship from our office, directly from our office based on work that i had begun and become interested in over a period of six years before i was elected to the senate. we, i'm very proud to say, laid the groundwork for the historic visit in 2009 from inside our office. often i would say against the will and against the advice of our own state department. we used validators. we talked to people we knew in the region. i became the only american leader ever to meet with general shui, leader of the military junta, to express my belief that we could work forward to have a different relationship. i met with aung san suu kyi, and i hope that those
they claim japan's power company told. >> and a live look outside. 280 in san jose. a lot of activity just to the north of this shot near redwood. highway patrol responding to two crashes, one near the alpine off ramp, the second on paige mill road. . >>> good morning. sweeping view over san francisco. mostly cloudy, cold, 45 degrees. a light breeze. >>> police are searching for two armed robbers who stormed an oakland restaurant. they hit the restaurant on international boulevard thursday night. they robbed four diners and a employee and took the cash register. >> two california men have been arrested in a riverside county grease theft. they are accused of stealing thousands of dollars of cooking grease from the mcdonalds. the owner helped catch them by staking out his restaurant after hearing about other grease thefts. it can be turned in to biodiesel fuel. >>> cat williams has been arrested on suspicious of felony child endangerment. guns and drugs were found in the house. he is being held in lieu of a hundred thousand dollars bail. he has been arrested several times in the past few mo
that showed japan has slipped into a technical recession. they looked at their numbers. they revised the data. japan is technically in a recession. you have more uncertainty in italy. one of the important countries. and also you have this concern happening in japan. we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's
is there was a sequence of transactions in a bank in japan in which they brought sequentially numbered travelers checks into this one little bank in japan totaling $290 million. no one seemed to have any idea where it was coming from. it all traced back to a guy in russia who claimed to be a used car salesman. >> woodruff: a used car salemans. >> with $290 million in sequentially numbered travelers checks. >> woodruff: isn't there supposed to be internal monitoring going on inside a bank? >> right. the basic principle is called know your customer. since 9/11 and since a whole bunch of other money laundering issues have surfaced the u.s. government has really tried to make the banks tighter and more careful in terms of who they're doing business with, who they're moving money for. what seems to have happened repeatedly according to the investigators in the h.s.b.c. case is no one was actually questioned. >> woodruff: now it was clear that the investigation on the part of the government has been going on for several years. what brought all this to light? how did it surface? >> it actually started in 2007
was malfunctioning and it's making it hard to navigate the scene. a japan continues and report says the mudslide triggered the collapse of the ceiling. >>> family friends and fans gathered outside of the funeral for hector camacho. the champion boxer was fatally shot november 20th in puerto rico as he sat with a friend in the car. camacho was 50 years old. >>> winds in colorado whipped up a long smoldering wildfire that start back in okay, burning in and around rocky mountain national park. in all 1500 acres have burned and the fire is only 40% contained. >>> federal officials say more collaboration is needed to help fight huge wildfires and restore burn areas. wildfires burned more than 9 million acres this year and experts say overall conditions are getting worse with fire season lasting now two months longer and more red- flag warnings and disappearing snow pack. federal officials would like to see communities and up the utilities more involved in restoration first efforts. >>> and after 50 years the end of an error for the u.s.s. enterprise. a look back at its front row view of history. >>>
island of okinawa and quickly provoked expressions of anger and outrage from japan and korea, which convened meetings of security officials. the u.s. described it as a provocative act threatening regional security. now, north korea, for their part, quickly said that it was a success, that the satellite is in orbit, unlike a test earlier this year when the rocket burned up on launch. the u.s. experts have conceded that an object is, indeed, in orbit and that even the chinese have expressed regret today, lynn. >> ian williams there live for us in beijing. ian, thanks so much. >>> back here at home, michigan is now the 24th state in america with a right-to-work law. despite protests of angry union supporters, state lawmakers passed the legislation. this means both private and public workers do not have to pay union fees. and republican governor rick snyder quickly signed the bills, calling them "pro worker" and "pro michigan," but opponents say the move weakens organized labor and will mean lower wages. >>> last night on "politics nation," democratic congressman gary peters of michigan
to shoot it down. they wanted to fool japan. they succeeded. >> and it certainly does strengthen the new young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has been unable to do. >> by choice, actually. >> they haven't launched a satellite into orbit. >> south korea has not. this will undoubtedly spur competition with south korea. you'll see that. you'll probably see south korea respond with more batteries and japan will probably already do that. you have heard that we need to spend more. we spend $10 million a year already on a missile system. it has international ramifications that are going to destabilize. this is why the security council is condemning the move. >> so how much of a real threat to the united states, whether hawaii or the west coast, is this? >> we are not threatened an
and japan, for example, do you think they are going to do it under these circumstances? we are looking at a tremendously difficult long- term problem, short-term problem, and immediate problem. >> actually, america is borrowing money at record low rates and the rest of the world parks their money here. i think we're in a strong position. i think the rational thing to do is to pass the legislation that the senate passed which extends the tax cuts for 98% of the people, then duke it out, and the fact that the claim bear of commerce and the business round table are all coming down on the president's side saying that they agree that the top rate should go up is a powerful shift in alliances, and i think the republicans are going to fold. >> i have to say one thing. the people who are buying our debt is called the federal reserve bank, okay. >> uh-huh. >> their balance sheet has almost quadrupled. by far and away they're buying 70 to 80% of our debt. that's where the money is coming from. they're printing money and giving it to the federal government. >> and the chinese are not buying as mu
now. >> it did with hindsight, but you never know. >> you don't. >> but you look at japan, they never did what they needed to do. and here we are, we escaped the financial crisis and the money market, it looked like it was going to freeze up and the huge fortune 500 companies. we avoided that but we just keep -- it's like we think we're permanently okay from negative situations and i don't know if we are. things happen in this world. it's still tough, right? >> it is. but this is a very important topic. >> you borrow too much and sooner or later austerity is awful. but if you can't just keep the credit card going if your kid has -- if it's 50,000, you don't say here's another 50. i don't want you to tighten your belt. >> that's why in the final analysis i think the administration recognizes that and they're going to -- >> this administration? >> yeah, is going to come to the table on the entitlement cuts that need to happen to make the deal work. >> you were with him a couple days ago, right? >> with some of his top advisers. >> you can't say which one? >> a group -- valerie jarron an
currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were going to say we're going to pass a deal with the majority of republicans and the majority of democrats in the
it is in their interests. if north korea's nuclear weapons program goes on other countries in the region, japan, south korea, taiwan and others are themselves going to look whether they want nuclear weapons which would obviously make the entire region much more unstable. jon: and for those who wondered whether kim jong-un had staying power as leader of north korea, he just bought himself a whole lot of time in that job, didn't he? >> well i think he showed that the capability of the north koreans has been underestimated and i think you're right. this will be a political boost for him but let's be clear. this rocket-testing program and the work with iran have been going on for decades and they have had some notable failures but each failure tells them something and each success tells them something. if they can put a payload into orbit which we concede they have apparently done, in effect they're well on the way to putting a nuclear payload anywhere on the planet. jon: two members of the original axis of evil still working together. ambassador john bolton, thank you. >> thank you. jenna: we're going to
and the environment. europe, japan and russia are also expected to continue to decline. connell: a matter of time, as they say. this fox business exclusive, we will talk about the war on business. it was a record year for anti-trust funds. dagen: the sanctions against iran. if this policy will change anything over there. the state of the economy and why it matters to you and this, the cost of crude oil. take a look at it. more than $86 a barrel. stubbornly high. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life side down. >> hi. >> hi. you know, i can save you % today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they caopen bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have t most corehensive identity theft protection available today... lifelock ultimate. so for protection you just can't
be the profession we all aspire to. they would be seen in places like japan with the call features sensei reflecting what it called lawyers, doctors, a university professors. think of the difference between beebe university professors and k-12 teacher. places like finland have this right. we have that wrong. be treated united rather than professionalize -- we traded unionized rather than professionalizes. i think choice is critical. it is a fundamental backbone of the report. while the was not unanimous, there was enormous support. none of this room would voluntarily agree to send your kid to school in d.c. random nly. you would pull strings but not say i'm down with that. whose kids go to those schools? in nyc, they were called opc, other peoples children. shame on us. the way at it is choice. i think we should insist on it for other people. if you think about k-12 versus post secondary, there are a lot of problems at the post secondary but people from all of the world come to america for our post secondary schools. nobody comes here to look at our k-12 system. there is a reason for that. in the ab
. and would later launch the first u.s. strikes of the war against japan at the marshall islands. the current uss enterprise was also on her way home on the 11th of september 2001. just over three weeks later, she would launch the first strike against al qaeda and the taliban in afghanistan. now imagine yourself a board uss enterprise on the night of those first strikes. here's part of what her captain told her crew. good evening, shipmates. the last time americans actually went to war to defend against our homeland was almost exactly 60 years ago. when our threats and her enemies conducted a surprise attack on pearl harbor. during that attack, a different enterprise was at sea on her way home. it was ultimately a response to that typical bloody task of soundly defeating her enemy. and ever since then, when america has gone to war, is to protect freedom and our vital interest, those of our allies. we have not had to defend our homeland since december 7, 1941. however, september 11 our enterprise was at sea on her way home during a treacherous new attack on our country. tonight, a ship named e
that it assembles the iphone and the ipad and is working with japan's sharp on the project. in a recent broadcast interview apple's ceo tim cook said that television was an area of intense interest but getting your child a television of his or her own may not be in the child's best interest. they found that children that log their screen time in the bedroom have more belly fat, higher triglycerides and an overall greater risk of heart disease or diabetes. researchers followed more than 300 children and adolescents and found those that had a tv in their bedroom are two and a half times more likely to be overweight. >> they're taking steps to push outgrowing marijuana development outside. council members agreed the city should review an outdoor ban and have the city attorney write up a proposed ban. the issue came up because residents complained about the smell of pot growing operations that were outside and expressed concern about crime. >> it will be costly to move their operations indoors. >> it's 12/12/12. we'll show you the lines at the lottery county wasn'ter and how others are choosing to ce
. >> that is china, incorporated. >> the korette su from the '80s from japan, it is a powerhouse and it will be more on the world economic scene as we move forward. >> you know, the job creators, the 2%, they laugh at us over there. >> they don't laugh, they look at us warily, i think is more probably more appropriate. they also are taking steps in their banking system, we should point out. they've bailed out any bank, depositors have never failed to get their money. but they're trying to put in a -- according to "the new york times," at least, a deposit guarantee system as well for the banking system. >> sounds like all systems go there. >> we'll see if this continues next week. meantime, we'll talk apple debuting the iphone 5 in china today. the iphone news isn't preventing apple shares from falling in the market. cutting the price target to $700 from $780. he does maintain a buy rating and said apple needs to expand more geographically. it's not dead, it's not -- but it needs to find ways to innovate its products. we sort of saw this coming. steve had a caution note on apple a few weeks ago which
. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said i
the regime. you have the chinese making trouble for japan over these islands and making trouble for the philippines and making trouble for the vietnamese being uher is tiff -- being assertive in what they consider their territorial waters. many think it is international waters. it is a scare yes, sir place. there is -- scarier place, and there is disorder in the world. >> and the middle east. there is so much concern about the arab spring a year ago. a lot less promising now. >> sure, you have the problems in egypt which is a difficult transition. libya, we obviously know what happened there at benghazi and a country that is unstable. even tunisia isn't doing that well. when you have crisis and chaos there isn't an opportunity for american leadership. what you would need is a president who would have the grand strategy for what do i want to see happen in the world in the next four years and how am i going to get there? >> the strategy seems to be america withdrawal and retreat in the world. we are r going to cut the gash and the defense budget and we are pulling out of afghanis
to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec r
will grow faster. while the median age in mexico will be 30, 40, japan's median age will hit 52. america actually has an advantage here at 39. our median age will only be five years older than that of mexico's. trends don't ensure particular outcome, but it's clear that contrary to its global image, mexico's economy has momentum. it will be among the world's top ten economies by the end of this decade. smart reforms can build it further. the irony is that one possible impediment to mexico's growth could be the very country that is its biggest asset, the united states. if we slow down, so will mexico. but perhaps that can be avoided if washington's polarized factions could agree on a way forward. maybe we need to take some lessons from south of the border. up next, the inside story on a tough controversial decision. why the obama administration bailed out the auto industry. i'll speak with steve rapner, the president's lead adviser on the bailout. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [
and shakes buildings in japan in the same area as nearly two years ago. >>> fiscal cliff for air travelers, ground your trip or compromise air safety. >>> be careful what you write on review websites. one woman is being sued for almost $1 million for posting a nasty review online. find out which side the judge is taking. taking. "newsroom" begins right now. -- captions by vitac -- www.vitac.com >>> good morning. thanks for joining us. i'm don lemon in for carol costello this morning. the labor department this morning says 146,000 jobs were added in november and unemployment fell to 7.7%. so, let's put this all in perspective for you just one month earlier. in october, 138,000 jobs were added. so we're going to begin our coverage now with cnn correspondent and first up is christine romans. good morning, christine. >> good morning, don. we give the headline 146,000 jobs created, more than we expected, more than economists had expected, twice what a cnn money survey of economists had expected. unemployment rate fell to 7.7%. i'm going to tell you, it caught me by surprise. most people thought
-party countries, the united states, south korea, japan, russia, china. china is a big player here, because they have the most influence. they have to figure out how to deal with this new leader. i mean, they've got nuclear weapons. they've got missile technology, but they're also very poor. they're also possibly their sending a trial balloon saying, we want to bargain. i don't know, because very few people have met this new leader and which direction he wants to go is still uncertain. >> so in a lot of all that, i mean, what do you recommend if you were actually advising president obama at this time to do? people don't know who he is. he, obviously, is trying to do the muscle flex here. the six-party talks have been a failure. they basically ended back in 2009. what would you recommend? >> well, i'm not privy to their deliberations. what i would recommend is, first, you do have to fulfill obligations under the security council. there was a violation of missile launching. but i think a more creative way to deal with him needs to happen, and it has to solve south korea, japan, china and us p
this morning. odd christmas tradition in the world. going out to japan, it is so normal that kfc is so popular that people go to kfc for christmas they have to make reservations weeks in advance. >> i can't imagine. i believe we ought to exsport. >> ileave mince pie and guinness for santa. >> that's why he forgot to wrap the presents. >> and in venezuela, they skate to church. >> roller skate. >> they move to the rollerblades or have the double wheels. >> there is no speed limit there. you can pass all you want. >> any odd traditions to do? >> i think in a lot of places in america we have adopted the tradition from different cultures. my favorite thing on december 7th. feast of somebody help me out here. put your shoes out and you wake up in the morning and you have candy in your shoes . in holland that is wooden shoes . >> how about you. any crazy tradition . >> no, we go to church on christmas eve . open one present. >> i know some families that have birthday cake for jesus and other families instead of lot of gives they do three because the wise men had three. >> gretchen said she is swedis
by killer drug violence. >>> rescue efforts are under way in japan following a horrifying accident. a highway tunnel west of tokyo collapsed, trapping cars inside and then sparking a fire. police say they have found several burned bodies in one vehicle. they're trying to get to at least two others trapped inside. it's not clear how many people may still be inside that tunnel. >>> now to egypt. the country's high court has postponed a critical hearing on the controversial new draft constitution. this as thousands of president morsiremain camped in the streets. tell us what the high court was supposed to be hearing and why they're not meeting after all. >> reporter: well, this was a big development this morning in cairo. now it seems over the past 24 hours the momentum in this conflict seems to be shifting in favor of president morsi and his supporters and shifting away from the opposition factions behind us and the president's opponents. this morning, egypt's top court was set to rule on the constitutionality of president morsi's decrees last week and the constitutionality of this s
for the 1460 level. japan is trading at the top range of a 6-day trend channel. we're looking for a break above that and uranium had a couple very good days. the last we saw was august and looking for a continued move higher and above the moving average. >> thank you very much. we'll be watching those events for tomorrow's trading session after a 150 point rally today. stay with us. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a
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